Financial Difficulties Collection Letters - Free Examples
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This series of sample collection letters, titled 'Financial Difficulties Collections Letters' are free for you to use. These sample collection letters are designed to be used when a debtor has legitimate financial difficulties and has not responded with payment. You can cut, copy, paste, fill in the blanks and send these sample collection Financial Difficulties Collection letters out to your financially distressed debtors.
Financial Difficulties Collection Letters
Dear ___________,
Financial Difficulties Collections Letter #1:
We are at a loss to know why you have not responded to our three previous
notices. Your credit standing is now at risk. Please call us immediately at
555-5555 to discuss your delinquent account. Perhaps we can arrange an alternate
payment schedule to clear your overdue balance.
Financial Difficulties Collections Letter #2:
More likely than not, you have noticed our series of letters encouraging you
to pay the amount you owe on your account. We still have not received your reply
or payment. Certainly you are aware that neglecting to pay this outstanding bill
will harm your good credit. Please call or write to us immediately regarding
this matter. If there is some pressing reason for your neglect, we may explore
other payment options.
Financial Difficulties Collections Letter #3:
This is the fourth notice we have sent you about your past due account. I am
sure you are aware that delinquent accounts can jeopardize your excellent credit
record. Please take a moment right now to send us your payment of $________, so
your credit history remains unaffected. If you are unable to make the required
payment, please contact us so we can make other payment arrangements.
Financial Difficulties Collections Letter #4:
Thank you for taking the time to write to us about your current financial
situation. We appreciate your concern. We understand that you are not able to
make the minimum required payment at this time. We would like to help you. Our
goal is to set up a mutually agreeable payment plan. To do this, please call
555-5555 to discuss your options. We will be happy to work with you.
Financial Difficulties Collections Letter #5:
I need to call your attention once again to the overdue balance of $___________ on your account. I am sure you realize what a negative effect this failure to pay has on your credit rating. Your failure to respond to my previous letters leads me to believe that you may suffer from some financial embarrassment. If this is the case, please call me at 555-5555, so that we can work out an appropriate payment schedule.
Sincerely,
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